LISTED chemical distributor SBS Philippines Corp. posted a net income of P1 billion last year due to gains from the divestment of some shareholdings and assets.
SBS Philippines said its net income last year grew more than six times to P1 billion from P159 million in 2015 on gains from the divestment of interests in an associate and certain investment assets, translating to a full-year earnings per share of P0.84 from P0.18 in 2015.
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